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Property developer Heron International is confident that its proposed office skyscraper, which completes in 12 months time, will be able to lure normally territorial hedge fund managers from their Mayfair hub. It boasts that its 462,000 sq ft tower will be of such high quality that it will be ideal for hedge funds wanting iconic space in the Square Mile. It will also host a shark – so hedgies will feel right at home.

The company has declined to say any more detail on the shark, other than it will be 1.2 metres long and not a Great White.

But the shark will live in a 70,000 litre aquarium, which will be a special feature of the tower's "bling". The aquarium will also house 1,300 (probably terrified) fish.

Hedge fund managers have tended to be reluctant to leave their Mayfair base. But shark, notwithstanding, Peter Ferrari, co-managing director of Heron, tells us that he is confident they will move from the West End to the Heron Tower.

"It will have a real wow-factor", he says. The scheme will also house Mayfair-like floorplates with Cityscape views - but at a fraction of the price.

He also says that hedge fund managers have already been checking out Heron's proposed residential scheme, in nearby Barbican. So the walk to work won't be too difficult.

The shark should expect competition.

For more on Skyscraper Watch: http://www.efinancialnews.com/story/2010-02-16/skyscraper-watch